Interesting they can spend this kind of money after losing 5 billion dollars
GM invests $545m in Michigan plants
http://news.yahoo.com/s/ap/20060214...xrceGms0NUE;_ylu=X3oDMTA3bGI2aDNqBHNlYwM3NDk-
The important parts:
The company is investing $152 million in its Ypsilanti transmission plant to increase production capacity for its rear-wheel-drive, six-speed transmissions, Flores said. It is investing $60 million in its Romulus engine plant for making the small-block V8 engines that will go into its new full-size trucks. It is also spending $32 million to update the hydroforming equipment in its Pontiac metal stamping plant, which uses water to help make the unique curves on the Pontiac Solstice and Saturn Sky roadsters.
The important parts:
The company is investing $152 million in its Ypsilanti transmission plant to increase production capacity for its rear-wheel-drive, six-speed transmissions, Flores said. It is investing $60 million in its Romulus engine plant for making the small-block V8 engines that will go into its new full-size trucks. It is also spending $32 million to update the hydroforming equipment in its Pontiac metal stamping plant, which uses water to help make the unique curves on the Pontiac Solstice and Saturn Sky roadsters.
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You have to continue to invest in infrastructure though, otherwise your product fails and you lose even more money.
The old adage "you have to spend money to make money" applies in the car business.
The old adage "you have to spend money to make money" applies in the car business.
:spam:YEAH! Garbage in a 2 year old thread.:spam:
Dammit, 2nd spambot post I delteeted.
As they stated for us, there was no actual "loss" - it was a numbers error, on money that was never there...Interesting they can spend this kind of money after losing 5 billion dollars
Scotty, no need to comment in a 2 year old thread.
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